LAPLACE Renewable Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
LAPLACE Renewable Energy Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥233.4M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥10.0B and CN¥7.2B respectively. LAPLACE Renewable Energy Technology's EBIT is CN¥952.6M making its interest coverage ratio -22.5. It has cash and short-term investments of CN¥931.4M.
Key information
8.5%
Debt to equity ratio
CN¥233.40m
Debt
| Interest coverage ratio | -22.5x |
| Cash | CN¥931.36m |
| Equity | CN¥2.74b |
| Total liabilities | CN¥7.24b |
| Total assets | CN¥9.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688726's short term assets (CN¥8.3B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 688726's short term assets (CN¥8.3B) exceed its long term liabilities (CN¥176.6M).
Debt to Equity History and Analysis
Debt Level: 688726 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688726's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688726's debt is well covered by operating cash flow (26.4%).
Interest Coverage: 688726 earns more interest than it pays, so coverage of interest payments is not a concern.